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Delegated Underwriting Authority (Dua) Analyst
Posted on Dec. 6, 2024
- Madrid, Spain
- No Salary information.
- Full Time
Title:
Delegated Underwriting Authority (DUA) Analyst
Company:
Everest Advisors (Uk), Sucursal En España
Job Category:
Compliance Oversight
Job Description:
Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Europe, Bermuda, Canada, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.
Everest is a growth company offering Property, Casualty, and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service, and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.
Role Purpose:
The Delegated Underwriting Authority (DUA) Operations team at Everest, is looking for a DUA Analyst to join the growing division and to be based in Madrid.
The fundamentals of the team are to support the pre and post bind functionality of business processes and procedures, administration and analysis around the oversight and governance of Delegated Authority (DA) facilities, including bordereaux receipts across Everest platforms, ensuring the business has been processed in compliance with regulatory minimum standards.
Whilst the individual will be based in Madrid and they will initially support the UK&I business, as we grow there will be an opportunity to support broader markets.
Key Responsibilities
- Management of bordereaux receipts
- Administration of initial bordereaux map within internal Everest bordereaux management system and delegation of all further maps to Everest’s Third Party administrator
- Answering bordereaux queries from internal colleagues and third party administrator
- Management for retrieval of both internal and external sources for missing bordereaux
- Ensuring data quality and all regulatory requirements are met with data ingestion of bordereaux
- Ensuring adherence of Employers Liability Insurance Regulation on Bordereaux format
- Dealing with queries from UW’s and other internal stakeholders
- Helping with Portal downloads for BDX
- Ownership of bordereaux information feeding into relevant Committee packs for all underwriting platforms
- Assist Underwriting Assistants and finance in managing Credit Control for DUA
Key Accountabilities
- Day to day responsibility of all incoming Risks written and Premium Bordereaux, as appropriate and to work with third party administrator to map and upload bordereaux as appropriate to bordereaux system.
- To process LBS bordereaux into DA-SATS promptly and efficiently and deal with any queries arising.
- To ensure that all new and renewing contracts are mapped within 90 days of inception of the contract in accordance with relevant SLA’s
- To chase up all outstanding overdue Risks Written and Premium (where relevant) Bordereaux not received with brokers, Coverholders and within Portals.
- To assist DU team staff with monthly committee reporting and provide reports as and when required based on Bordereaux management.
- To be the day to day contact point for third party administrator queries emanating from bordereaux processing with business stakeholders and brokers.
- To assist DUA Team Manager(s) with any ad-hoc reporting, analysis and assistance as may be necessary from time to time.
CANDIDATE PROFILE:
Knowledge, Skills, Experience and Abilities
- Excellent organisational skills.
- Must demonstrate analytical skills. Must have Microsoft Excel skills; Pivot Tables, Vlookup’s, Sumif’s, Problem Solving Ability.
- Must be numerate.
- Must be an excellent communicator.
- Must demonstrate a willingness to learn new skills and take on new work tranches if and when required.
- Languages skills: English and Spanish (verbal and written).
Professional Experience:
- At least 2 years Insurance experience (within Delegated Underwriting - desired but not essential)
- Work towards insurance professional qualifications desired.
- Experience in a similar role within the insurance industry is highly desirable.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click
here
to learn more about our culture.- Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
- Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.
All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
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Type:
Regular
Time Type:
Full time
Primary Location:
Madrid, Spain
Additional Locations:
GDPR
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